NFTs are a form of a digital collectible: non-fungible meaning they are not interchangeable, carrying unique information and varying in their level of rarity.

F1 Delta has set 5 different rarity levels for the 10 official racing cars set for auction. Each NFT will be usable in the forthcoming official F1 Delta game and will be auctioned simultaneously in a descending Dutch format, with a starting price of 30 Ether (ETH).

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As previously reported, Hong Kong-based game developer Animoca Brands partnered with sports management company Dorna Sports, S.L.Formula 1 in March of this year, paving the way for the development of the F1 Delta Time Game. The new game is using blockchain tech and smart contracts to allow players to purchase and exchange collectibles that will be included in the game’s storyline.